#3 New York Yankees

Value: $1.85 billion
Owner: Steinbrenner family

The Yankees are just part of a money making machine that also includes the YES Network and Legends Hospitality. YES, the team's 34%-owned regional sports channel, is the most profitable RSN in the country with operating income of more than $200 million. Legends, the stadium management and concessions company owned by the Yankees, Dallas Cowboys and Goldman Sachs, signed a deal last year to sell season tickets at the San Francisco's 49ers new stadium. The enterprise value for the Yankees, YES and Legends is estimated to be $5.5 billion.